BHA
UtilitiesValuation Breakdown
The Dividend Discount Model values a stock based on its future dividend payments, discounted to present value. The 3-stage variant captures three phases of a company's life: high growth (years 1-3), a transition period where growth declines linearly (years 4-6), and a terminal stage of stable, perpetual growth (year 7+). As John D. Rockefeller said: "The only thing that gives me pleasure is to see my dividends coming in."
Valuation Track Record
Retroactive intrinsic value vs actual close price — BHA
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
BHA exhibits significant red flags indicating potential earnings manipulation, as evidenced by a Beneish M-Score of 5.5186, well above the manipulation threshold of -1.78. The earnings quality score of 49.9/100, particularly low receivables and revenue metrics, further raises concerns about the reliability of reported earnings.
- Beneish M-Score of 5.5186 indicates a high likelihood of earnings manipulation.
- Earnings quality score of 49.9/100, with a receivables metric of only 14.5/100, suggests poor cash collection and potential revenue recognition issues.
- DSRI at 2.0000 indicates significant growth in receivables relative to sales, which may signal aggressive revenue recognition practices.
- Cash conversion score of 100.0/100 indicates strong cash flow relative to earnings, suggesting that cash generation is not entirely compromised.
- SGI at 0.9272 indicates a decrease in sales growth, which may reflect a more conservative approach to revenue reporting.
The top shareholders are predominantly institutional, with Tổng Công ty LICOGI holding 41.0% and Công ty Cổ Phần Đầu Tư Bắc Hà holding 24.2%. This concentrated ownership could lead to governance risks, as decisions may favor the interests of a few large stakeholders over minority shareholders.
Investors should exercise caution and conduct further due diligence before considering an investment in BHA, particularly focusing on cash flow sustainability and governance practices. Monitoring future earnings reports for signs of improvement in receivables and revenue recognition will be crucial.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
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